190. Nail It, Then Scale It. Then Scale It Again...And Again...

The Business of Buying Businesses with Jaryd Krause In this episode of Millionaire University, we meet Jaryd, a former plumber from Australia turned successful online entrepreneur. Through his platform, Buying Online Businesses, Jaryd shares his journey from initial failures with a travel blog and e-commerce venture to finding success and freedom by purchasing existing online businesses. He emphasizes the importance of due diligence when acquiring online ventures, offers insights into various business types suitable for beginners, and provides strategies for risk mitigation. Jaryd underscores the crucial role of mindset in overcoming fears and achieving goals, cautioning against unrealistic expectations perpetuated by social media. The discussion also delves into the motivations behind selling profitable online businesses and the value of these ventures as cash-flowing assets. Jaryd's guidance offers listeners invaluable insights to navigate the complexities of the online business world and embark on their own paths to financial success.   What we talked about with Jaryd: + Jaryd's Journey: From Plumber to Online Entrepreneur + he Evolution of an Online Business Empire + The Art of Buying and Growing Online Businesses + Due Diligence: The Key to Successful Online Business Acquisitions + From Blogs to SaaS: Understanding Different Online Business Models + Selling Your Online Business: Motivations and Strategies + Building a Business with the Future in Mind + Maximizing Business Attractiveness for Sale + Investing in Businesses vs. Real Estate: A Deep Dive + The Power of Cash Flow in Business Investments + Overcoming Fear and Achieving Success in Business Investments + Realistic Expectations and the Journey to Success   Resources from this Episode: Due Diligence Framework   Thank you Jaryd! To connect with Jaryd, click here.   Sign up for our FREE Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.   If you enjoyed this episode with Jaryd, let us know by clicking on any of the links below to send him a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at [email protected].

Mastering Time Using Virtual Assistants with Robert Levin This episode of Millionaire University, hosted by Erik Fisher, he chats with Robert Levin, Co-Founder and Chairman of Work Better Now. They chat about Robert's personal journey from CPA to media company founder, to the visionary behind Work Better Now, the strategic benefits of sourcing talent from Latin America and how it aligns with US work culture and time zones, successful empowerment of remote assistants, the essential nature of AI in today's business operations, and secrets to effective time management and delegation skills that will free you from being the bottleneck of your business.   What we discuss with Robert: + The transformative experience of hiring a virtual assistant + The strategic advantages of sourcing talent from Latin America + The importance of prioritizing time and effective time management for business owners + Steps for business owners to take to start delegating tasks + Creating job descriptions and handbooks for new remote assistants + Examples of various roles and functions that a remote assistant can fulfill + Importance of onboarding and training assistants properly + Sharing of the hosts' own experiences and hesitations with delegation   Resources from this Episode: Work Better Now   Thank you Robert! Connect with Robert on LinkedIn   Sign up for our FREE Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.   If you enjoyed this episode with Robert, let us know by clicking on any of the links below to send him a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at [email protected].

Alternative Education and Raising Entrepreneurial Kids with Vlad and Emma Sadovskiy - Part 2 of 2 In this episode, we continue our conversation and inspiring story of Vlad Sadovskiy joined by his daughter, Emma. Vlad shares his experiences as a first-generation immigrant and an entrepreneur, while Emma provides refreshing insights as a young high school student. They discuss Emma's accelerated path through high school, her passion for photography, and her thoughts on the traditional education system and the role of university. Their dynamic father-daughter perspective offers valuable wisdom and guidance for both parents and students. Join us as we explore the power of following one's passion and the transformative potential of unconventional educational paths.   What we discuss with Vlad and Emma: + Passion and influence in family life and career choices + Emma's accelerated path through high school + Catalyst for finishing high school early + Balancing passion and education + Vlad's perspective on the purpose of university education, professional licenses, and liberal arts + Discussion about the college experience and its impact + Balancing education, passion, and career development + Emma's advice for young individuals about considering passions and personal preferences in education + Vlad's advice for addressing boredom and acquiring time in early education + Emma's unique approach to homeschooling and remote work   Resources from this Episode: Netevia Payment System - Simplifying Payment Acceptance   Thank you Vlad! To connect with Vlad on LinkedIn, click here.   Sign up for our FREE Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.   If you enjoyed this episode with Preston, let us know by clicking on any of the links below to send him a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at [email protected].

Empowering Small Businesses in the New Financial Landscape with Vlad Sadovskiy - Part 1 of 2 In this episode of Millionaire University, host EriK Fisher chats with Vlad Sadovskiy, CEO of the digital bank Netevia, about how the financial landscape has evolved for small businesses post-COVID. They cover the importance of businesses being adaptable in accepting various payment methods and highlight the trust relationship between small businesses and their customers. Vlad shares his unique entry into the banking industry and how pandemic-driven changes led Natavia to focus on digital banking solutions tailored for small business needs, such as digital wallets and neobanking. Key advice includes understanding the motivation behind starting a business, being prepared to tackle financial challenges, and the significance of having a clear vision for the business. Additionally, Vlad discusses personal experiences with handling debt and how financial credibility affects business opportunities. The conversation also touches on resources for entrepreneurs seeking funding and the mindset required for successful business ownership. This episode aims to provide small business owners and aspiring entrepreneurs with insights and strategies for navigating today's digital financial ecosystem.   What we discuss with Vlad: + Embracing Modern Payment Methods for Small Businesses + Vlad's Unexpected Journey into the Financial World + The Evolution of Banking and Payments in the Digital Age + Understanding Digital Wallets and Their Impact + Adapting Small Business Strategies for Digital Banking + Entrepreneurial Advice: Starting and Funding Your Business + Navigating Debt and Financial Discipline for Success   Tune in for more with Vlad in Part 2! Stay tuned for an upcoming episode featuring Vlad's daughter discussing her entrepreneurial pursuits.   Resources from this Episode: Netevia Payment System - Simplifying Payment Acceptance   Thank you Vlad! To connect with Vlad on LinkedIn, click here.   Sign up for our FREE Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.   If you enjoyed this episode with Preston, let us know by clicking on any of the links below to send him a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at [email protected].

Debt-Free Dreams: Mastering the SHRED Method for Financial Freedom with Adam Carroll - Part 3 of 3 In this final episode of our three-part series with financial expert Adam Carroll, we're exploring innovative strategies for achieving financial freedom. Carroll introduces us to his groundbreaking "SHRED method," a system designed to accelerate the payoff of mortgages and high-interest debt using bank systems and home equity lines of credit (HELOC) effectively. He stresses the importance of understanding the energetics and psychology of money, alongside prudent expense management and strategic reduction of major lifetime costs like taxes and debt interest. Throughout the discussion, Carroll shares invaluable tips for wealth creation, tax minimization, and real estate investment. He emphasizes the need for disciplined spending, consistent income, and a willingness to adopt a fresh perspective on money management to succeed with the shred method. Additionally, Carroll dives into the FIRE movement (Financially Independent, Retire Early), offering guidance for individuals at different stages of their financial journey. He highlights the potential to leverage current assets and income to significantly enhance long-term financial stability and freedom. Join us as we conclude this series with a wealth of insights and practical advice for mastering your finances and building a path to lasting prosperity and freedom.   What we discuss with Adam: + Diving Deep into Debt, Mortgages, and the Shred Method + The Real Cost of Debt and How to Minimize It + Exploring the Shred Method: A Revolutionary Approach to Debt + Understanding the HELOC Strategy and Its Impact + Exploring Underutilized Financial Strategies + Navigating Estate Settlement and Early Retirement + The Shred Method: A Game-Changer in Debt Management + Embracing the FIRE Movement for Financial Independence + Strategies for a Comfortable Retirement + The Power of the Shred Method in Real-Life Scenarios + Final Thoughts on Financial Health and Wealth Building + Reflecting on the Journey and Future Possibilities   Tune in for more with Adam in Parts 1 and 2 of this series!   Resources from this Episode: The Shred Method   Thank you Adam! To connect with Adam, click here.   Sign up for our FREE Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.   If you enjoyed this episode with Adam, let us know by clicking on any of the links below to send him a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at [email protected].

Mind Over Money - Unpacking the Psychology of Wealth with Adam Carroll- Part 2 of 3 We're back with part two of a three-part series with guest Adam Carroll, focusing on the psychology of money, the energy behind it, and how our beliefs and childhood narratives shape our financial behaviors. Kirsten leads a candid conversation, exploring how our childhood experiences and upbringing influence our relationship with money. Adam shares valuable insights on rewiring our money mindset for success by challenging deeply ingrained beliefs. The discussion highlights the importance of balancing earning and saving in achieving financial goals, as well as viewing money as a tool for enjoyment and fulfillment. This episode encourages listeners to reflect on their earliest money memories and upbringing to gain insight into their financial decisions. Join us as we uncover the energy behind our financial choices and strive for greater financial empowerment.   What we discuss with Adam: + Debunking Money Myths: A New Perspective +Unveiling Personal Money Stories: A Vulnerable Conversation +The Psychology of Money: Understanding Our Financial Behaviors + A Unique Approach to Money: Personifying Financial Relationships + Exploring Childhood Money Memories: Unpacking Financial Beliefs + Navigating the Complexities of Money: A Journey Through Personal Finance + Reprogramming Money Scripts: Towards Financial Abundance + Self-Reflection and Money: Asking the Right Questions + Exploring Financial Beliefs and Habits + The 80/20 Rule for Financial Health + Offense and Defense in Financial Planning + The Power of Money Psychology and Beliefs + Aligning Actions with Financial Goals + The Importance of Receiving in Wealth Building + Balancing Generosity and Financial Wisdom   Tune in for more with Adam in Parts 1 and 3 of this series!   Resources from this Episode: Adam's Full TedX Talk   Thank you Adam! To connect with Adam, click here.   Sign up for our FREE Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.   If you enjoyed this episode with Adam, let us know by clicking on any of the links below to send him a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at [email protected].

Monopoly Money Mastery: Teaching Kids the Value of Wealth with Adam Carroll - Part 1 of 3 We're kicking off a three-part series with Adam Carroll, a financial education advocate who's changing the game when it comes to teaching kids and adults about money. Adam's not your average finance guru – he's all about hands-on learning and practical strategies that make a real difference.We kick things off by exploring Adam's unique approach to teaching kids about financial responsibility. Picture this: a game of Monopoly where real cash is on the line. Adam's innovative methods promote open discussions about finances and involve children in budget decisions from an early age. It's all about setting the foundation for a lifetime of smart money management.   What we discuss with Adam: + Adam's Rocky Financial Beginnings and What Changed +The Journey to Financial Wisdom and Massive Debt Payoff +The Monopoly Game That Changed Everything For Adam's Kids +What Contributes To The Way We Play With Our Own Money +Creative Ways to Teach Kids About Money and Saving +Core Truths About Money And Beliefs Everyone Needs To Learn +How To Start Small And Simple With Saving For The Future   Tune in for more with Adam in Parts 2 and 3 of this series!   Resources from this Episode: Adam's Full TedX Talk   Thank you Adam! To connect with Adam, click here.   Sign up for our FREE Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.   If you enjoyed this episode with Adam, let us know by clicking on any of the links below to send him a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at [email protected].

Beyond the Click: Mastering Paid Ads with Hemant Varshney In this episode of the Millionaire University podcast, Kirsten sits down with Hemant Varshney, the mastermind behind the award-winning advertising agency Digicom, for an in-depth exploration of effective advertising strategies. Hemant takes us on a journey through his entrepreneurial path, starting from humble beginnings with a modest budget to transforming Digicom into a powerhouse agency. Throughout the conversation, Hemant drops gems of wisdom on growth and performance marketing. He stresses the importance of understanding breakeven points and slashing customer acquisition costs for sustainable growth. We delve into the world of digital marketing, where Hemant highlights the significance of knowing your numbers and leveraging free directories before diving into paid advertising. But it doesn't stop there. Hemant dives into the nitty-gritty of marketing across different platforms and the shift from product-market fit to channel-market fit. He sheds light on Digicom's focus on quantitative analysis and creative solutions to optimize sales funnels, emphasizing the need for continuous testing in digital campaigns. This episode is a goldmine for entrepreneurs looking to level up their advertising game. Hemant's insights encourage strategic thinking and patience in advertising efforts, reminding us of the ever-evolving nature of digital marketing. So whether you're a seasoned entrepreneur or just starting out, grab a pen and paper – you won't want to miss the insights Hemant has to offer. Welcome to the masterclass in advertising!   What We Discuss With Hemant: + The evolution of Growth Strategies in Digital Marketing + Expert Insights: Hemant Varshney's Journey and Strategies + The Shift from Growth to Profitability in Digital Marketing + Building a Strong Foundation Before Spending on Ads + Navigating the Complexities of Paid Advertising + The Importance of Continuous Testing and Market Adaptation + Balancing Organic Content and Paid Advertising + Unlocking the Power of Content and Viral Growth + The Continuous Learning Curve of Successful Entrepreneurs + Navigating the Complex World of Digital Advertising + Finding the Right Time for Ad Spend and Channel Fit + The Entrepreneurial Journey: Insights and Reflections   Thank you Hemant! To connect with Hemant and his company Digicom, click here.   Sign up for our FREE Business Course - over 300+ new business ideas, also includes the 7 Phases of a business, so you know where you are now and where you need to go next. You'll also get 7 of the most popular marketing strategies and 31 stay-on-track hacks that successful millionaires follow to grow and automate their businesses. Go to https://www.millionaireuniversity.com/training.   If you enjoyed this episode with Hemant, let us know by clicking on any of the links below to send him a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at [email protected].

No Time, No Talent, No Cash? No Problem! Overcoming your Biggest Business Obstacles with Preston Brown Preston Brown, who is a respected speaker, serial entrepreneur, and innovator, debunks common myths that discourage aspiring entrepreneurs, such as the supposed need for abundant time, talent, and cash to start a business. Through Preston’s story, they explore the importance of embracing failure, the reality that talent is built through persistent effort, and how resourcefulness can compensate for a lack of initial capital. Preston emphasizes the value of solving problems and offering solutions as the core of successful entrepreneurship, encouraging listeners to pursue their business dreams regardless of the perceived barriers.   What we discuss with Preston: + Embracing Failure: The First Step to Success + Debunking Entrepreneurial Myths: Time, Talent, Cash + Building Talent Through Repetition + From Personal Struggles to Entrepreneurial Success + The Misconception of Needing Cash to Start a Business + Starting Small: The Real Path to Business Success + The Importance of Starting Somewhere + The Journey from Driveway Painting to Real Estate Mogul + The Power of Education Beyond Traditional Paths + The Importance of Understanding Ownership and Responsibility + Wrapping Up: The Essence of Entrepreneurship   Resources from this Episode: Unleash Your Potential Masterclass   Thank you Preston! To connect with Preston, click here.   Sign up for our FREE Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.   If you enjoyed this episode with Preston, let us know by clicking on any of the links below to send him a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at [email protected].

Entrepreneur Mindset and Breaking the Cycle of Self-Sabotage with Anthony Witt In today's episode, Anthony Witt chats with Erik Fisher on unpacking the entrepreneur’s mind and bridging personal growth and business success. Anthony is an Entrepreneur, coach, consultant, counselor and therapist. They discuss the correlation between mental health and entrepreneurial success, the Importance of acknowledging personal weaknesses to leverage strengths, and the power of overcoming bad behavioral and relationship problems that self-sabotage entrepreneurs.   What we Discuss with Anthony Witt: + The correlation between mental health and entrepreneurial success + Importance of acknowledging personal weaknesses to leverage strengths + The detrimental effects of avoiding personal weaknesses + The interconnectedness of personal and professional life + Importance of emotional and psychological assistance for business owners + Entrepreneurs' tendency to overwork and avoid discomfort + Identity issues and reliance on business for self-worth + Dealing with entrepreneurial isolation + Necessity for entrepreneurs to modify their work habits + Strategies on how to slow down and when to speed up + Importance of delegating tasks and responsibilities + Emphasizing a tailored approach to individual dysfunctions + The role of coaches and counselors in addressing personal and business issues   Resources from this Episode: Connect with Anthony Witt at Witthouse Counseling   Sign up for our FREE Business Course — for those who want to start a business, currently have a business and want to grow, or have a skill that they want to turn into a business. Understand the 7 Phases of A business, so you know where you are now and where you need to go next! - at https://www.millionaireuniversity.com/training.   Subscribe to the Millionaire University newsletter today for ongoing FREE Business Training.   Thank you, Anthony Witt! If you enjoyed this episode with Anthony Witt, let us know by clicking on any of the links below to send them a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at [email protected].